Delayed Draw Term Commitment definition
Delayed Draw Term Commitment means, as to any Lender, its obligation to make Delayed Draw Term Loans to the Borrowers pursuant to Section 3.2 in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 1.1(B) under the caption “Amount of Commitment for Delayed Draw Term Loans” as such Commitment is thereafter assigned or modified and “Delayed Draw Term Commitments” means the aggregate Delayed Draw Term Loan Commitments of all the Lenders.
Delayed Draw Term Commitment means, as to each Delayed Draw Term Lender, its obligation to make Delayed Draw Term Loans pursuant to Section 2.01(c) and/or Section 2.16 in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Delayed Draw Term Lender's name on Schedule 2.01 under the caption “Delayed Draw Term Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Delayed Draw Term Lender becomes a party hereto, as applicable, as such amount may be increased by such Delayed Draw Term Lender pursuant to Section 2.16 or otherwise adjusted from time to time in accordance with this Agreement, including pursuant to Section 2.01(c).
Delayed Draw Term Commitment means, with respect to each Lender, the amount, if any, set forth opposite such Lender’s name in Schedule 1 hereto as its “Delayed Draw Term Commitment” on the Closing Date or in the case of any Lender that becomes a party hereto pursuant to an Assignment Agreement, the amount set forth in such Assignment Agreement, as such commitment may be reduced or increased from time to time as a result of assignments to or from such Lender pursuant to Section 11.06. As of the Closing Date, the aggregate amount of Delayed Draw Term Commitments is $175,000,000.
Examples of Delayed Draw Term Commitment in a sentence
Subject to and upon the terms and conditions herein set forth, each Lender having a Delayed Draw Term Commitment severally agrees to make a loan or loans denominated in Dollars (each, a “Delayed Draw Term Loan”) to the Parent Borrower on any single Business Day on or prior to the Delayed Draw Termination Date, which Delayed Draw Term Loans shall not exceed for any such Lender the Delayed Draw Term Commitment of such Lender and in the aggregate shall not exceed $270,000,000.
Subject to and upon the terms and conditions herein set forth, each Lender having a 2025 Delayed Draw Term Commitment severally agrees to make a loan or loans denominated in Dollars (each, a “2025 Delayed Draw Term Loan”) to the Parent Borrower on any single Business Day on or prior to the 2025 Delayed Draw Termination Date, which 2025 Delayed Draw Term Loans shall not exceed for any such Lender the 2025 Delayed Draw Term Commitment of such Lender and in the aggregate shall not exceed $250,000,000.
More Definitions of Delayed Draw Term Commitment
Delayed Draw Term Commitment as to any Lender, the obligation of such Lender, if any, to make a Delayed Draw Term Loan to the Borrower in a principal amount not to exceed the amount set forth under the heading “Delayed Draw Term Commitment” opposite such Lender’s name on Schedule 1.1. The original aggregate amount of the Delayed Draw Term Commitments is $50,000,000.
Delayed Draw Term Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Delayed Draw Term Loan on the Delayed Draw Term Funding Date, expressed as an amount representing the maximum principal amount of the Delayed Draw Term Loan to be made by such Lender, as such commitment may be (a) reduced from time to time pursuant to Section 2.06 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.04. The initial amount of each Lender’s Delayed Draw Term Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Delayed Draw Term Commitment, as applicable. The initial aggregate amount of the Lenders’ Delayed Draw Term Commitments is US$400,000,000.
Delayed Draw Term Commitment means, with respect to each Delayed Draw Term Lender, its commitment to make Delayed Draw Term Loans to the Borrower pursuant to Section 2.01(b) during the Delayed Draw Commitment Period in an aggregate amount not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the heading “Delayed Draw Term Commitment”, as the same may be (a) reduced from time to time pursuant to Section 2.01(b), 2.08 or 2.18(b), (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.05 or (c) increased from time to time pursuant to Section 2.21. The aggregate amount of the Lenders’ Delayed Draw Term Commitments on the Closing Date is $50,000,000.
Delayed Draw Term Commitment means, as to each Delayed Draw Term Lender, its obligation to make a Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(b) in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Delayed Draw Term Commitment” or in the Assignment and Assumption pursuant to which such Delayed Draw Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The initial aggregate amount of the Delayed Draw Term Commitments on the Closing Date is $120,000,000 and the aggregate amount of the Delayed Draw Term Commitments after giving effect to the Borrowing of the Third Amendment Delayed Draw Term Loans on the Third Amendment Effective Date is $35,500,000. If the Delayed Draw Term Commitment has not been drawn in full by the Delayed Draw Term Loan Commitment Termination Date, any remaining unused portion of the Delayed Draw Term Commitments shall be reduced to $0.
Delayed Draw Term Commitment means, as to each Delayed Draw Term Lender, its obligation to make Delayed Draw Term Loans to the Borrower pursuant to Section 2.01(b) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Delayed Draw Term Lender’s name on Schedule 2.01 under the caption “Delayed Draw Term Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Delayed Draw Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate Commitment of all Delayed Draw Term Lenders shall be $40,000,000 on the Closing Date.
Delayed Draw Term Commitment means, as to each Term Lender, its obligation to make a Delayed Draw Term Loan to the Borrowers pursuant to Section 2.01(b) in an aggregate principal amount NAI-1537228099v31537241654v2 not to exceed the amount set forth opposite such ▇▇▇▇▇▇’s name in Appendix A under the caption “Delayed Draw Term Commitments” or under the Second Amendment as “Additional Delayed Draw Term Commitments”, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate amount of the Delayed Draw Term Commitments as of the Closing Date was $290,000,000.00. The aggregate amount of the Delayed Draw Term Commitments as of the Second Amendment Effective Date is $320,000,000.00.
Delayed Draw Term Commitment means, collectively, the Delayed Draw Term A-1 Commitment and the Delayed Draw Term A-2 Commitment.